U.S. law firm Steptoe & Johnson LLP said Wednesday it has hired a large group of lawyers from Stroock & Stroock & Lavan, which has seen a string of exits this year as it pursues a potential merger.
Washington, D.C.-founded Steptoe has hired 35 people from New York-founded Stroock, including 27 lawyers and eight business professionals, according to a Steptoe spokesperson.
Stroock has reportedly discussed potential mergers with several other firms since at least last year, when it"Our higher rate and most profitable practices remain intact and continue to serve clients at the highest level," a Stroock spokesperson said in a Wednesday statement. "Our talks with other firms continue" and are "making good progress," the spokesperson said.
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